Founded in 1886, Obwaldner Kantonalbank is a universal bank, providing retail and business banking products mainly to the canton residents (natural persons and legal entities). Traditionally for cantonal banks, Obwaldner Kantonalbank is especially strong in savings and mortgage products. Like most of the cantonal banks, Obwaldner Kantonalbank has full state guarantee of its liabilities.
Becoming a client of Obwaldner Kantonalbank can be done in a few steps:
Due to regulatory requirements Obwaldner Kantonalbank performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Obwaldner Kantonalbank will ask him/her to provide the following documents: passport; proof of address. For corporate clients Obwaldner Kantonalbank will ask to provide corporate documentation as well as information about controlling persons. Obwaldner Kantonalbank may request additional documentation or information depending on the case. Obwaldner Kantonalbank performs client's identity verification via branch visit.
Obwaldner Kantonalbank is the 61st largest bank in Switzerland in terms of total assets. In 2019 its total assets were 5 215,88 mln CHF, providing the bank with the market share of 0.16%. Obwaldner Kantonalbank is the 21st largest cantonal bank in Switzerland (out of 24 cantonal banks) having market share of 0.83% amongst the banks of this category. In 2019 the bank's annual profit was 16,52 mln CHF. Obwaldner Kantonalbank had 149 employees in 2015.
Obwaldner Kantonalbank participates in the deposit guarantee scheme of Switzerland. This deposit guarantee scheme applies to credit balances made by private individuals (Swiss and foreign), legal entities (Swiss and foreign) and covers up to up to 100,000 CHF per bank per depositor. Obwaldner Kantonalbank is a member of esisuisse – Deposit Insurance (ESI) and makes its contributions into it.
Obwaldner Kantonalbank is headquartered in Sarnen.
Obwaldner Kantonalbank is authorized and supervised by the Swiss Financial Market Supervisory Authority (reference number CHE-108.954.642).